29th Jul 2014 15:17
LONDON (Alliance News) - Centrica PLC Tuesday said that it has appointed Iain Conn to replace Chief Executive Sam Laidlaw, who will retire from the board at the end of the year.
Conn's appointment comes just days after BP PLC said that he would step down from his role as the oil and gas major's chief executive for its downstream operations, its refining and marketing division, after seven years in the job. He has been a BP board member since 2004.
"I am excited to be joining Centrica, a company which is leading the way in the provision of secure and reliable energy and services to customers in the UK and North America," Conn said in a statement.
The incoming CEO also noted Centrica's "major responsibility" for long-term energy supplies, particularly for the UK.
"I recognise the challenges which we face in rebuilding customer trust in the sector and helping to create an effective and sustainable approach to energy markets," Conn said.
Centrica shares were Tuesday quoted up 0.2% at 315.70 pence.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
BPCentrica